Home › Forums › Closed Forums › Buying and Selling RE › Another discount real estate model going down…next up Redfin
- This topic has 55 replies, 4 voices, and was last updated 13 years, 8 months ago by
ljinvestor.
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January 11, 2011 at 3:45 PM #18384January 12, 2011 at 7:16 AM #652024
ljinvestor
ParticipantThe industry could use a breakpoint system though.
I would say that most realtors don’t work any harder to sell $500k property vs $1MM.
January 12, 2011 at 7:16 AM #652091ljinvestor
ParticipantThe industry could use a breakpoint system though.
I would say that most realtors don’t work any harder to sell $500k property vs $1MM.
January 12, 2011 at 7:16 AM #653145ljinvestor
ParticipantThe industry could use a breakpoint system though.
I would say that most realtors don’t work any harder to sell $500k property vs $1MM.
January 12, 2011 at 7:16 AM #652816ljinvestor
ParticipantThe industry could use a breakpoint system though.
I would say that most realtors don’t work any harder to sell $500k property vs $1MM.
January 12, 2011 at 7:16 AM #652680ljinvestor
ParticipantThe industry could use a breakpoint system though.
I would say that most realtors don’t work any harder to sell $500k property vs $1MM.
January 12, 2011 at 7:24 AM #652034scaredyclassic
ParticipantHow does redfin go under? Once they have the computer system up and running won’t they always be able to find an agent who will pay 30 perc got the referral? A referrals worth something, the advertising etc. I guess at sone point they could run out of agents willing to pay that but seems unlikely
January 12, 2011 at 7:24 AM #652101scaredyclassic
ParticipantHow does redfin go under? Once they have the computer system up and running won’t they always be able to find an agent who will pay 30 perc got the referral? A referrals worth something, the advertising etc. I guess at sone point they could run out of agents willing to pay that but seems unlikely
January 12, 2011 at 7:24 AM #653155scaredyclassic
ParticipantHow does redfin go under? Once they have the computer system up and running won’t they always be able to find an agent who will pay 30 perc got the referral? A referrals worth something, the advertising etc. I guess at sone point they could run out of agents willing to pay that but seems unlikely
January 12, 2011 at 7:24 AM #652826scaredyclassic
ParticipantHow does redfin go under? Once they have the computer system up and running won’t they always be able to find an agent who will pay 30 perc got the referral? A referrals worth something, the advertising etc. I guess at sone point they could run out of agents willing to pay that but seems unlikely
January 12, 2011 at 7:24 AM #652690scaredyclassic
ParticipantHow does redfin go under? Once they have the computer system up and running won’t they always be able to find an agent who will pay 30 perc got the referral? A referrals worth something, the advertising etc. I guess at sone point they could run out of agents willing to pay that but seems unlikely
January 12, 2011 at 9:12 AM #652891sdrealtor
Participantscaredy
The system is more expensive to maintain than you think. If they were simply handing out referrals and drawing 30% they would make a mint but there is much more to support than that. Mark my words, in a few years Redfin will be toast too and will be changing their model. Frankly I dont beleive any of these companies really intend to change anything anyway. All these companies are started by tech entreprenuers. I have some experience in tech start-ups and these guys come from a mentality that they need an exit strategy and that usually means building something they can sell to an industry leader.January 12, 2011 at 9:12 AM #653219sdrealtor
Participantscaredy
The system is more expensive to maintain than you think. If they were simply handing out referrals and drawing 30% they would make a mint but there is much more to support than that. Mark my words, in a few years Redfin will be toast too and will be changing their model. Frankly I dont beleive any of these companies really intend to change anything anyway. All these companies are started by tech entreprenuers. I have some experience in tech start-ups and these guys come from a mentality that they need an exit strategy and that usually means building something they can sell to an industry leader.January 12, 2011 at 9:12 AM #652754sdrealtor
Participantscaredy
The system is more expensive to maintain than you think. If they were simply handing out referrals and drawing 30% they would make a mint but there is much more to support than that. Mark my words, in a few years Redfin will be toast too and will be changing their model. Frankly I dont beleive any of these companies really intend to change anything anyway. All these companies are started by tech entreprenuers. I have some experience in tech start-ups and these guys come from a mentality that they need an exit strategy and that usually means building something they can sell to an industry leader.January 12, 2011 at 9:12 AM #652100sdrealtor
Participantscaredy
The system is more expensive to maintain than you think. If they were simply handing out referrals and drawing 30% they would make a mint but there is much more to support than that. Mark my words, in a few years Redfin will be toast too and will be changing their model. Frankly I dont beleive any of these companies really intend to change anything anyway. All these companies are started by tech entreprenuers. I have some experience in tech start-ups and these guys come from a mentality that they need an exit strategy and that usually means building something they can sell to an industry leader. -
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